Put the blame for the wrecked economy where it belongs: Wall Street (letter)

You may not have noticed the news story: Citigroup agreed to pay $285
million in a civil fraud case. The charge, which Citigroup neither
admitted nor denied, was that the bank put together an investment
product that included bad credit default swaps and sold this product
aggressively to its customers while making millions of dollars by
selling the same product short - in other words, betting that the
product it was selling would collapse. And, of course, it did.

This was not the only case of credit default fraud. The result was
that a few Wall Street crooks made millions, even billions of dollars,
while virtually everybody else lost. Even the Greek and Irish people are
paying the price because their government bought these phony
securities, which were sold as the ultimate in safety.

If your 401K has tanked (whose hasn't?), if you've lost your job or
your house or if your government is putting the squeeze on your pension
or your child's education, virtually all of the blame can be traced back
to the handful of crooks at Citigroup, AIG, Goldman Sachs, Credit
Suisse and other groups. These crooks stole everybody's money - by the
thousands.

It's as simple as that, so don't believe the pro-business apologists
who would like to push the blame off onto the backs of labor unions and
the people who are losing their jobs and their houses because of these
Wall Street crooks.

I say: Occupy Wall Street, Occupy the country and put the crooks in jail!